St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1887-03-26
FINANCIAL.
New York.

NEW YORK, March 25.-MoneY on call easy at
3@41a per cent. last loan closing at 1908.
Prime mercantile paper 506.: Sterling eX-
changedull ut s.. $50 for sixty-day bills and
S4.81L for demand. The stock market started
out this morning at q good pace, business
being heavy and prices strong, but there was
liberal realization at the advance by the
cliques. aud the Improvement, except In Il
few SpecialueS, was confined to fractions
only. Later the usual midsummer dizziness
again interviewed and prices slowly but stead
lily yielded. There, was larger business in
the leading stocks and considerable foreign
buying, especially. of Reading. which ruled
high in the London market. There was con-
siderable heayuess in the trunk lines, which
was ascribed in part TO the Withdrawal Of the
Grand Trunk from the Central Traffic asso-
citation, and rumor was current that large
pool was liQuidating. The Changers were
again conspicuous features, bus realizations
prevented any material advance. Several OF
the specialties again attracted marked atten-
ton and Fort Worth T. Denver were material
advance on heavy business for that stock.
Kingston s. Pembroke and Atlantic L. Pacific
were active and Hooking Coal & Iron, Pull
man and Milwaukee, Lake Shore e. Western
were noticeable. .Lackawanna was conspicu-
Gus in the early part of the day for its activ-
ity and heayiness on firm market. The ia
vorable effects of the announcement of the
dividend, which had been more than earned,
being neutraliZed by the probability of the
company being forced to pay the back taxes
on the Morris s. Essex. A feature of the day
Was the unusually large number of low
priced stocks dealt in. The market was firm
at the opening, but gains over last evenings
final figures were for insignificant fractions
only, except for Hooking Valley, which was
up 70 per cent. Business was active. al
though principally confined to half-dozen
stocks, and prices were firm, with Fort Worth
t. Denver showing unusual strength. There
was less activity toward noon, except for the
Changers, and Lackawanna prices continued
firm Until afterl2 O'clock. The market then
became extremely dull and q downward
movement, which continued until the close,
was inaugurated. Although the re-
covery was very slow, q slight squirt
in Canada Southern occurred toward
2 D. M, to which the general market
responded feebly: but the close was dull
and weak generally near the lowest prices of
the day. The. general list shows irregular
changes this evening, chiefly for small frac-
lions only. Railroad bonds were more active,
but the increased business in few special
ties was responsible for the most of the i'm
provement Of a total days business of ST.
! $4,000 Atlantic & Pacific incomes contrt-
buted $3.50, 600, st. Louis, Arkansas s. Texas
flrsts, S243,000, and Green Bay incomes,
Sl60,000. The market was stronger than
| usual Of late and final prices generally show
advances. Both government and state bonds
were dull and steady. The total sales of
stocks to-day were 253,47S shares, including:
Del. Lack. g. W ..23, 200 Reading 1877
Erie. IL. 935 st. Paul. ..I7,570
Lake Shore. III ,220I Western Union. 5, $50
Northwestern. :. IL, 055i